Collegue request me if you are in my area or interested in Michiana because of the steady, sustainable recovery that has been going on here.Here's a fun image for y'all, looks like it was off a John Cougar albumn cover...

If i had to do it over I would but only because of being an athlete and the connections/ relationships .

If you buy a $20k house in the midwest and if your house burns now, I wonder how much you can sell the land for...In the south, outside of the big and second tier metro areas, assuming a person is willing to rebuild on the lot the land is worth the sum of: cost of well and septic and site improvements (driveway, foundation, etc.) plus the value of 'change of use'  minus the cost of 'recovery' (demolition and cleanup.)

My decision is going to be to reduce the tax basis in each property by the amount of the settlement recovery which will then be reflected in the gain or loss on disposition (i.e., greater gain on sale due to a lower tax basis) if/when I sell each property.

Mark, I have had very high profile renters over the years, everyone from athletes to rappers and equally low profile renters, I think it is irrelevant tattoos or no tattoos visible or not visible, all that matters is that the individual being reviewed is being equally presented the opportunity to qualify based on your common requirements outlining the financial likelihood of a successful occupancy, it is irrelevant how or who or what the tenant looks like, the only thing that matters is that it is a successful transaction from start to finish, concentrate on the financials not the esthetics of the individual :) Happy Investing!

Fun Fact:  I am a former Division I Track and Field Athlete.  

Final letter sent to tenant in Nov 2017 certified mail, returned as undeliverable.I've looked for collections help online and there seems to be one major company Rent Recovery Service with a Glendale, CA address.   

My father has stated outright that he'd rather be 'put out to pasture' than see the land sold.So, they want to ensure the land is protected from any current or future creditors, specifically thinking of potential future medical debt, such as Medicaid liens or estate recovery.

Not to mention that real estate will still be able to be sold and allow at least 50% recovery of the funds used to buy in.

Tenant hereby waives any and all rights of recovery and rights of subrogation against Owner in connection with any damage or claim that is or would be covered by such insurance, except for damage resulting from negligent acts of Owner.